FM SFLP.Principal Forgiveness Amount

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Definition

Principal Forgiveness Amount: A reduction of the Unpaid Principal Balance owed on a Mortgage Loan by a Borrower that is formally agreed to by the lender and the borrower, usually in conjunction with a Loan Modification.

Notes

The field belongs to the FM SFLP Template

Field Characteristics

FM SFLP Field Index: 64
Column Label: FORGIVENESS_AMOUNT
Data Type: NUMERIC
Data Maximum Length: 9(10).99
Temporal Classification: Performance
Data Category: Forbearance

Implementation

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Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates

{{#set:Field Type=NUMERIC}}

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FM SFLP Template